J.C. Penney has now started its first wave of store closing sales as it now started to reduce its retail footprint. The bankrupt retailer said the sales started at 136 stores on June 17.
Penny’s stores are operating under temporary reduced store hours — Monday through Saturday – with enhanced safety measures in place. The sales are being conducted under the guidance of a group of disposition firms consisting of Gordon Brothers, Hilco Merchant Resources, Great American Group (a B. Riley Financial company), and Tiger Group
